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925 South Verdugo Road

Paradise Gas Auto Care Leases Retail Space At 925 South Verdugo Road In Glendale
LEASEDRetail

Paradise Gas Auto Care Leases Retail Space At 925 South Verdugo Road In Glendale

925 South Verdugo Road

$6

$6/SF

Building Size

2,025 SF

Asset Type

Retail

Closing

Oct 25, 2023

AI

A retail property located at 925 South Verdugo Road in Glendale has recently been leased. The property has a total square footage of 2,025 and is owned by Gorgee Khodaverdian & Andy A. Mattewsian. The tenant for this lease is Paradise Gas Auto Care.

Summary of transaction details:

This lease is a 7 Year Trip NNN Lease Term with Zero Landlord Responsibility, providing the tenant with a long-term commitment and relieving the landlord from any maintenance responsibilities. The transaction was facilitated by Karl Markarian from JohnHart Real Estate, representing the landlord.

Players

Karl Markarian

eXp World Holdings

Broker

$69.9M

vol

14 deals

Broker
JohnHart Real Estate
JohnHart Real EstateBrokerage

Glendale Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2643833.33%

Cash-on-Cash

-755615.68%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93